Finance

SOCIETY AND TRUST: How do they differ? How do they relate to a diocese or religious order?

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Within Church circles, there is a lot of confusion about the nature and function of a Society and Trust. There is also much confusion regarding the status and relationship between the Diocese or Congregation with a Society or Trust.

In this article, I shall deal with three issues: (1) What is a Society?  (2) What is a Trust? and (3) what is the relationship between Diocese or Congregation and the Society and Trust?

  1. SOCIETY

A society is basically an ASSOCIATION of persons, who have come together with an intention of being associated with each other, in order to carry out some common objectives. When such an association is registered as a Society under the specific laws of the country, it attains the status of being called a Registered Society. The main characteristic of a society, then, is being an association of persons.

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